6280 Grand Ave
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6280 Grand Ave
6,272 SF Retail Building Gurnee, IL 60031 $1,300,000 ($207/SF)
Investment Highlights
- Prime out lot at Gurnee Mills Regional Mall and Illinois’ largest retail shopping outlet mall
- Excellent location just west of I-94 and Grand Ave (Route 132) intersection
- Two level facility - Ground level and lower level. Building SF includes lower level
- Prominent monument sign on Grand Avenue and also at Prairie Creek Drive at the Gurnee Mills shopping mall
- Existing oil change facility with 4 drive through bays. Can be adapted to a variety of uses as a redevelopment opportunity
Executive Summary
Current use is automotive or an opportunity for redevelopment on a .83 acre pad site. Existing building can be retrofitted to accommodate a wide variety of retail and commercial uses. Prime location in the West Grand Avenue commercial corridor. Highly visible out lot within the Gurnee Mills Regional Mall, the largest outlet and full-price retail shopping destination with over 200 stores and many national retailers. Facility in excellent condition.
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
6,272 SF
Building Class
B
Year Built
1995
Price
$1,300,000
Price Per SF
$207
Tenancy
Single
Building Height
2 Stories
Building FAR
0.17
Lot Size
0.83 AC
Zoning
C6 - Regional Commercial District
Parking
20 Spaces (3.19 Spaces per 1,000 SF Leased)
Frontage
230 FT on Prairie Creek Dr
Amenities
- 24 Hour Access
- Security System
- Drive Thru
- Storage Space
- Monument Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 07-16-103-044 | Total Assessment | $256,686 |
| Land Assessment | $171,486 | Annual Taxes | ($6,272) (($1.00)/SF) |
| Improvements Assessment | $85,200 | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Number
07-16-103-044
Land Assessment
$171,486
Improvements Assessment
$85,200
Total Assessment
$256,686
Annual Taxes
($6,272) (($1.00)/SF)
Tax Year
2023 Payable 2024
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6280 Grand Ave
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